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Flybe Group Share Chat (FLYB)



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Share Discussion for Flybe Group




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chilipepper64
Posts: 87
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Pity folks don't know how to read !!!!
Do you include yourself in that comment seeming how you had to ask an analyst and a broker ?

I wouldn`t describe myself as illiterate but I haven`t got a clue how to read the RNS
Pity they can`t write an RNS that we could all understand
 
Retour_du_Renard
Posts: 4,264
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Finally, there is a slew of media planned for Sunday BTW.
Retour_du_Renard
Posts: 4,264
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
DF - I've spoken to an analyst today and broker and they read this exactly how you have explained it. Pity folks don't know how to read but find it easier to attack the messenger. This is just corporate action stuff.

In short I'm loading up on Monday as the new company and listing will rise very very quickly as it will be without debt and have the largest european network backed by virgin.

It's got 50p plus written all over it.
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
No BOD expects shareholders to vote yes on such a stupid offer.
Perk of transferring them to the new scheme you might. Just food for thought. Study some past buy outs and see what happened to the shares.
Been involved in two now. All worked out. Read that article I posted too.
Says Flybe remain. That’s the problem people assume
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Let’s see shall we
Pianista
Posts: 542
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
DF - if it goes through, you'll be selling your shares to Virgin/Stobart, full stop. You won't be transferring them anywhere.
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
If everyone thinks the BOD expect people to roll over on a 1p offer then you are crazy. People are picking up these shares to be able to transfer them over to the new scheme. Why else buy 14k worth at 3p knowing it’s a 1p takeover. The new scheme will be part of a massive JV with the key market players. Cyprus is back on tourists minds. The RNS says delisting and re registration!!!
chilipepper64
Posts: 87
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Thank you. I will hold for now then an see how it all pans out. I wish they would release an alternative RNS for the average person to understand ( didn`t they make insurance companies drop the jargon ? )
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
If you’ve opted in to take connect shares they last day of trading it transfers over. My Superdrug shares went to kingfisher on the takeover. I was given 2p a share or 1.5p new shares on the scheme. Took the new scheme.
I clicked one button to make it happen
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Last day of trading as Flybe PLC. The company will be renamed
From that date
Pokerchips
Posts: 6,558
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
" The shares will be transferable to the new scheme on last day of trading,"

if you say so....... so...just that little bit about "last day of trading"
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
They would offer you 1p to sell or transfer them over to the new scheme trading as connect airways. You can’t have the bod taking all the money and leave shareholders with nothing. It will be a transfer scheme to ensure the holders agree the deal. Come on peeps! As if the bod think we will accept 1p
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Plus if Flybe sit within the JV they can’t not exist can they? It’s a JV takeover.
The shares will be transferable to the new scheme on last day of trading,
Saw it with Superdrug and kingfisher many many years ago.
chilipepper64
Posts: 87
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Does it mean they are buying our shares for 1p but the directors keep the shares as part of the merger ?
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
People have seen that in the RNS and have snap these shares up. That to many reads opt in for the transfer and continue trading as Connect Airways, also says “Flybe sit within” don’t obt in your get zero. Obt in you get the joys it brings. If it didn’t mean that it would have tanked below 1p
chilipepper64
Posts: 87
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
This bit …..
or, in the event that the Acquisition is implemented by way of a Takeover Offer
chilipepper64
Posts: 87
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
The more I read it the more confused I get. I don`t know if it is a takeover or a merger !!!
Connect Airways has received irrevocable undertakings to vote, or procure a vote, in favour of the Scheme at the Court Meeting and the resolutions relating to the Acquisition at the Flybe General Meeting (or, in the event that the Acquisition is implemented by way of a Takeover Offer, to accept or procure the acceptance of such Takeover Offer) from each of the Flybe Directors who hold Flybe Shares in respect of their own shareholdings, amounting to, in aggregate, 871,664 Flybe Shares representing approximately 0.40% of Flybe's share capital in issue on 10 January 2019 (being the latest practicable date before the release of this Announcement). The irrevocable undertakings from the Flybe Directors remain binding in the event of a competing offer being made for Flybe.
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Says delisting and re registration. As connect. Don’t take the option your shares are cancelled. Anybody else see that?
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Explain that transfer part then please
Pokerchips
Posts: 6,558
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
"Doesn’t that mean other than transferring your existing shares to the new JV name IE connect ?"

the shares will be CANCELLED if the offer goes through,...once the shareholders are paid 1p a share
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Doesn’t that mean other than transferring your existing shares to the new JV name IE connect ?
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
other than the registration of the transfer of the Scheme Shares to Connect Airways pursuant to the Scheme
DontFret
Posts: 127
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
So nobody will vote yes then. What shareholder will vote for that
Pokerchips
Posts: 6,558
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
17. De-listing and re-registration

It is intended that the last day of dealings in, and for registration of transfers of, Flybe Shares (other than the registration of the transfer of the Scheme Shares to Connect Airways pursuant to the Scheme) will be the last Business Day prior to the Effective Date, following which all of Flybe's Shares will be suspended from the Official List and from trading on the London Stock Exchange's Main Market for listed securities, and Flybe Shares will be disabled in CREST.

After the Scheme Record Time and before the Scheme becomes Effective, entitlements to Flybe Shares in CREST will be cancelled and such entitlements materialised. On the Effective Date, all share certificates in respect of Flybe will cease to be valid and should be destroyed.
Taverham
Posts: 801
Opinion:No Opinion
Price:3.75
RE: Flybe will remain?
11 Jan '19
Beyond a white knight, the only other hope is that an ii decides the BOD have let them down badly and promotes a better alternative way to finance the company short term whilst promoting an equity raise or trade sale on better terms than these.Not sure which ii's are shareholders or what their view is but they must also be really fed up .
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